Proctor, MN is a small city located in St. Louis County. It has a population of just over 2,000 people and is known for its excellent school system and close-knit community. The median rent for a two bedroom apartment in Proctor is $990 which compared to the national average of $1,430 makes it an affordable city to live in. Additionally, the Grocery Cost Index in Proctor is 98 which is slightly lower than the US average of 100 making groceries more affordable as well. Proctor residents enjoy low living expenses as well as easy access to local businesses such as Family Dollar, Cub Foods, and Ace Hardware. With lower costs of living and plenty of resources available in the area, Proctor has much to offer its citizens.
Proctor has an unemployment rate of 4.8%. The US average is 6.0%.
Proctor has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Proctor
- The Sales Tax Rate for Proctor is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Proctor is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Proctor
- The average income of a Proctor resident is $27,805 a year. The US average is $28,555 a year.
- The Median household income of a Proctor resident is $73,846 a year. The US average is $69,021 a year.